Triumph Gold Reports Results from Drilling of the Nucleus Au-Ag-Cu Deposit, Freegold Mountain Property, Yukon Territory
November 07 2018 - 12:31PM
Triumph Gold Corp., (TSX-V: TIG) (OTCMKTS: TIGCF)
(“
Triumph Gold” or the “
Company”)
is pleased to announce the results from 4,159 metres of diamond
drilling, in twenty-one holes, conducted in the Nucleus gold,
silver, copper (Au-Ag-Cu) deposit area. Highlights of the 2018
Nucleus drill program include:
- Four high-grade gold
intersections:-- 19.8 grams per tonne (g/t) gold (Au) over
0.84 metres*** (m) in N18-06 (39.62 – 40.46m)--
15.93 g/t Au over 1.00 metre*** in N18-17 (150.00 –
151.00m)-- 13.67 g/t Au over 1.67 metres*** in
N18-04 (28.51 – 30.18m)-- 9.13 g/t Au over 2.00
metres*** in N18-16 (106.00 – 108.00m)
- Mineralized intervals from sixteen of the twenty-one holes
drilled in 2018 returned gold grades that exceed the average grade
(0.544 g/t Au) of the current inferred mineral resources estimated
in December 2014*. Examples include:-- 1.196 g/t Au over
45.19 metres*** in N18-08 (19.81 – 65.00m)-- 1.184
g/t Au over 59.50 metres*** in N18-17 (149.00 –
208.50m)
Highlighted intersections are noted below in
Table 1, a full list of significant intersections is contained in
Table 2, and the location and orientation of the drill holes are
listed in Table 3 and displayed on Figure 1.
Table 1 – Highlighted results from 2018 Diamond Drilling at
the Nucleus Au-Ag-Cu Deposit |
|
|
|
|
|
|
|
Drill
Hole |
From |
To |
Length*** |
Au |
Ag |
Cu |
|
metre |
metre |
metre |
g/t |
g/t |
% |
N18-01 |
38.10 |
51.82 |
13.72 |
0.966 |
0.9 |
0.040 |
N18-04 |
23.09 |
35.05 |
11.96 |
3.030 |
1.9 |
0.307 |
Including |
28.51 |
30.18 |
1.67 |
13.670 |
10.0 |
0.542 |
N18-06 |
38.10 |
51.30 |
13.20 |
1.980 |
0.4 |
0.146 |
Including |
39.62 |
40.46 |
0.84 |
19.800 |
0.0 |
0.164 |
N18-08 |
2.04 |
150.11 |
148.07 |
0.619 |
0.1 |
0.046 |
Including |
19.81 |
65.00 |
45.19 |
1.196 |
0.1 |
0.052 |
N18-16 |
106.00 |
108.00 |
2.00 |
9.130 |
0.0 |
0.120 |
N18-17 |
149.00 |
208.50 |
59.50 |
1.184 |
1.6 |
0.081 |
Including |
150.00 |
151.00 |
1.00 |
15.930 |
5.0 |
0.551 |
Also Inc. |
166.00 |
176.00 |
10.00 |
3.212 |
7.0 |
0.227 |
N18-18 |
155.45 |
166.73 |
11.28 |
1.075 |
4.1 |
0.314 |
N18-19 |
85.00 |
95.50 |
10.50 |
1.644 |
0.0 |
0.187 |
The 2018 drill program at Nucleus was designed
to optimize a future pit-constrained estimate of mineral resources
by targeting:
- Near-surface mineralized areas that had insufficient drill
density to support estimates of mineral resources.
- Near-surface mineralized areas where additional delineation
drilling could facilitate upgrading of Inferred mineral resources
to an Indicated category.
- Areas prospective for high-grade mineralization.
Triumph Gold Corp. has contracted SIM Geological
Inc. to provide updated estimates of mineral resources for the
Nucleus, Revenue and Tinta deposits, to be completed in 2019. All
three deposits are located on Triumph Gold’s 100% owned, road
accessible, two hundred square kilometre Freegold Mountain
property, Yukon Territory. The updated resource estimate at Nucleus
will incorporate all drill results prior to 2014, the results from
sixteen holes completed in 2017 (press release PR18-01, dated
January 18, 2018), as well as 4,159 metres of diamond drilling, in
twenty one holes, conducted in 2018 (as described in this news
release).
Table 2 Significant Results from 2018 Diamond Drilling at
the Nucleus Au-Ag-Cu deposit |
|
Drill
Hole |
From |
To |
Length*** |
Au |
Ag |
Cu |
|
metre |
metre |
metre |
g/t |
g/t |
% |
N18-01 |
22.86 |
69.00 |
46.14 |
0.455 |
0.6 |
0.076 |
Including |
38.10 |
51.82 |
13.72 |
0.966 |
0.9 |
0.040 |
And |
206.00 |
216.00 |
10.00 |
0.213 |
0.4 |
0.111 |
N18-02 |
87.20 |
89.00 |
1.80 |
1.230 |
3.0 |
0.019 |
And |
107.00 |
111.00 |
4.00 |
0.603 |
0.0 |
0.056 |
N18-03 |
25.00 |
75.00 |
50.00 |
0.515 |
0.0 |
0.025 |
And |
193.00 |
195.00 |
2.00 |
1.020 |
0.0 |
0.007 |
N18-04 |
23.09 |
35.05 |
11.96 |
3.030 |
1.9 |
0.307 |
Including |
28.51 |
30.18 |
1.67 |
13.670 |
10.0 |
0.542 |
And |
62.00 |
72.00 |
10.00 |
0.481 |
0.0 |
0.061 |
N18-05 |
3.30 |
16.50 |
13.20 |
0.650 |
0.0 |
0.022 |
And |
180.00 |
181.20 |
1.20 |
6.880 |
0.0 |
0.017 |
N18-06 |
38.10 |
51.30 |
13.20 |
1.980 |
0.4 |
0.146 |
Including |
39.62 |
40.46 |
0.84 |
19.800 |
0.0 |
0.164 |
And |
94.00 |
96.01 |
2.01 |
2.030 |
0.0 |
0.113 |
N18-07 |
2.70 |
21.33 |
18.63 |
0.422 |
0.0 |
0.024 |
And |
158.00 |
177.09 |
19.09 |
0.256 |
0.5 |
0.134 |
N18-08 |
2.04 |
150.11 |
148.07 |
0.619 |
0.1 |
0.046 |
Including |
19.81 |
65.00 |
45.19 |
1.196 |
0.1 |
0.052 |
N18-09 |
19.00 |
77.72 |
58.72 |
0.389 |
0.1 |
0.059 |
N18-10 |
36.49 |
38.00 |
1.51 |
1.280 |
0.0 |
0.020 |
And |
111.00 |
113.00 |
2.00 |
1.400 |
0.0 |
0.031 |
And |
137.00 |
146.30 |
9.30 |
0.380 |
1.3 |
0.099 |
N18-11 |
No Significant Results |
N18-12 |
41.00 |
51.00 |
10.00 |
0.516 |
0.0 |
0.044 |
And |
80.15 |
81.15 |
1.00 |
2.210 |
3.0 |
0.015 |
N18-13 |
16.40 |
18.36 |
1.96 |
1.550 |
0.0 |
0.043 |
And |
38.67 |
45.72 |
7.05 |
0.574 |
1.1 |
0.007 |
And |
125.00 |
129.82 |
4.82 |
1.124 |
0.0 |
0.077 |
N18-14 |
57.00 |
72.60 |
15.60 |
0.372 |
0.3 |
0.087 |
And |
85.00 |
97.00 |
12.00 |
0.348 |
0.0 |
0.017 |
N18-15 |
81.76 |
83.00 |
1.24 |
1.110 |
0.0 |
0.004 |
And |
155.00 |
158.00 |
3.00 |
0.427 |
0.0 |
0.047 |
And |
194.50 |
201.47 |
6.97 |
0.415 |
1.1 |
0.055 |
N18-16 |
13.72 |
17.94 |
4.22 |
1.037 |
0.0 |
0.019 |
And |
98.72 |
189.00 |
90.28 |
0.535 |
0.3 |
0.085 |
Including |
106.00 |
108.00 |
2.00 |
9.130 |
0.0 |
0.120 |
N18-17 |
67.50 |
72.00 |
4.50 |
0.452 |
0.0 |
0.018 |
And |
82.00 |
86.00 |
4.00 |
2.295 |
0.0 |
0.055 |
And |
115.00 |
119.00 |
4.00 |
0.790 |
0.0 |
0.023 |
And |
149.00 |
208.50 |
59.50 |
1.184 |
1.6 |
0.081 |
Including |
150.00 |
151.00 |
1.00 |
15.930 |
5.0 |
0.551 |
Also Inc. |
166.00 |
176.00 |
10.00 |
3.212 |
7.0 |
0.227 |
N18-18 |
36.58 |
38.10 |
1.52 |
3.020 |
0.0 |
0.018 |
And |
47.55 |
53.05 |
5.50 |
0.990 |
0.0 |
0.016 |
And |
60.67 |
63.45 |
2.78 |
0.702 |
0.0 |
0.023 |
And |
78.00 |
81.86 |
3.86 |
0.857 |
0.0 |
0.042 |
And |
155.45 |
166.73 |
11.28 |
1.075 |
4.1 |
0.314 |
N18-19 |
85.00 |
95.50 |
10.50 |
1.644 |
0.0 |
0.187 |
N18-20 |
52.21 |
72.00 |
19.79 |
0.408 |
0.0 |
0.029 |
And |
93.00 |
106.95 |
13.95 |
0.091 |
0.2 |
0.162 |
And |
134.48 |
152.04 |
17.56 |
0.438 |
0.0 |
0.038 |
And |
193.33 |
206.12 |
12.79 |
0.752 |
1.3 |
0.124 |
N18-21 |
37.00 |
38.10 |
1.10 |
1.590 |
0.0 |
0.046 |
And |
94.00 |
98.00 |
4.00 |
0.588 |
0.0 |
0.017 |
And |
164.45 |
184.00 |
19.55 |
0.488 |
0.0 |
0.011 |
And |
192.03 |
196.00 |
3.97 |
0.553 |
0.0 |
0.010 |
Table 3 Location and Orientation of Nucleus Drill Holes,
2018 |
|
|
|
|
|
|
Hole
ID |
Easting** |
Northing** |
Azimuth |
Inclination |
Depth |
N18-01 |
379458 |
6913881 |
000 |
-60 |
225.55 |
N18-02 |
379458 |
6913967 |
000 |
-60 |
127.71 |
N18-03 |
379531 |
6913586 |
000 |
-60 |
260.60 |
N18-04 |
379548 |
6913260 |
000 |
-60 |
201.78 |
N18-05 |
379358 |
6913559 |
000 |
-60 |
199.64 |
N18-06 |
379503 |
6913272 |
000 |
-60 |
268.22 |
N18-07 |
379354 |
6913688 |
000 |
-60 |
206.96 |
N18-08 |
379370 |
6913930 |
000 |
-50 |
200.86 |
N18-09 |
379413 |
6913298 |
000 |
-50 |
200.86 |
N18-10 |
379171 |
6913911 |
000 |
-60 |
157.96 |
N18-11 |
379094 |
6913776 |
000 |
-60 |
104.55 |
N18-12 |
379365 |
6913314 |
000 |
-50 |
201.47 |
N18-13 |
379028 |
6913779 |
000 |
-60 |
203.96 |
N18-14 |
379356 |
6913400 |
000 |
-50 |
152.42 |
N18-15 |
378999 |
6913646 |
000 |
-60 |
201.47 |
N18-16 |
379279 |
6913531 |
000 |
-55 |
220.98 |
N18-17 |
379154 |
6913695 |
000 |
-70 |
210.62 |
N18-18 |
379206 |
6913565 |
000 |
-50 |
201.17 |
N18-19 |
379274 |
6913629 |
000 |
-65 |
201.47 |
N18-20 |
379147 |
6913585 |
000 |
-60 |
208.48 |
N18-21 |
379089 |
6913601 |
000 |
-60 |
201.78 |
Notes:
* Campbell, J., Sexton, A., Armitage, A., Studd,
D., (effective date December 15, 2014, publication date February
28, 2015): Technical Report on The Freegold Mountain Project, Yukon
Canada, Resource Estimates. 43-101Techincal Report.
www.sedar.com
** Coordinates are given in North American Datum
83 (NAD83), Zone 8.
*** Length/interval refer to drill hole
intercept. True widths have not been determined.
Methods and Qualified Person
Drill core samples ranged between 1 and 2 metres
length and were cut at Triumph’s core logging facility on the
Freegold Mountain Property. The samples were analyzed by SGS Canada
of Vancouver, British Columbia. They were prepared for analysis
according to SGS method PRP89: each sample was crushed to 75%
passing 2mm and a 250g split was pulverized to better than 85%
passing 75 micron mesh. Gold was tested by fire assay with atomic
absorption finish on a 30g nominal sample (method GE FAA313), and
samples that tested over 10 g/t Au were retested using a 30g
nominal sample and gravimetric analysis (method GO FAG303). An
additional 35 elements were tested by ICP-AES using a four-acid
digestion (method GE ICP40B), over limit samples for copper were
retested using the same technique but with assay grade four acid
digestion and a higher range of detection (method GA AAS42S).
Quality assurance and control (QAQC) is maintained at the lab
through rigorous use of internal standards, blanks and duplicates.
An additional QAQC program was administered by Triumph Gold: at
minimum three quality control samples, consisting of blanks,
certified reference standards and duplicates, were blindly inserted
into each 75 sample batch. QAQC samples that return unacceptable
values trigger investigations into the results and reanalyses of
the samples that were tested in the batch with the failed QAQC
sample.
The technical content of this news release has
been reviewed and approved by Tony Barresi, Ph.D., P.Geo., VP
Exploration for the company, and qualified person as defined by
National Instrument 43-101.
About Triumph Gold Corp.
Triumph Gold Corp. is a growth oriented
Canadian-based precious metals exploration and development company.
Triumph Gold Corp. is focused on creating value through the
advancement of the district scale Freegold Mountain project in
Yukon. For maps and more information, please visit our website
www.triumphgoldcorp.com
On behalf of the Board of
Directors
Signed "Paul Reynolds" Paul Reynolds, President &
CEO
For further information please
contact: John Anderson, Executive Chairman Triumph Gold
Corp. (604) 218-7400 janderson@triumphgoldcorp.com |
Nancy Massicotte IR Pro Communications Inc.
(604)-507-3377 nancy@irprocommunications.com |
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
This news release contains forward-looking
information, which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially
from current expectation. Important factors - including the
availability of funds, the results of financing efforts, the
completion of due diligence and the results of exploration
activities - that could cause actual results to differ materially
from the Company's expectations are disclosed in the Company's
documents filed from time to time on SEDAR (see www.sedar.com).
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The company disclaims any intention or obligation,
except to the extent required by law, to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/268a441a-d1cd-44c5-90a8-1bccbed24163
Triumph Gold (TSXV:TIG)
Historical Stock Chart
From Nov 2024 to Dec 2024
Triumph Gold (TSXV:TIG)
Historical Stock Chart
From Dec 2023 to Dec 2024